First Pentecostal Buys Up More Land in NLR

First Pentecostal Buys Up More Land in NLR
With the purchase of its most recent properties (shaded in yellow), First Pentecostal Church of Jesus Christ owns nearly 175 acres at the junction of Interstates 30 and 40 in North Little Rock. (Property dimensions are approximate.) (PAgis)

Church land in North Little Rock; an office building, retail project and commercial land in Little Rock; and a rural residence in west Pulaski County form this week’s group of multimillion-dollar real estate transactions.

♦ North Little Rock’s First Pentecostal Church of Jesus Christ bought about 63 acres near the southeast corner of Interstate 30 and 19th Street for more than $1.7 million.

Seller: Woodcrest Co. LLLP, led by James Matthews.

♦ Tri-B Realty Inc., led by John Billingsley, sold the 31,800-SF Executive Building at 2020 W. Third St. in Little Rock for $1.4 million.

Buyer? 2020LR LLC, an affiliate of San Francisco’s Griffin Branch Properties Inc.

♦ On the flipside, Tri-B Realty purchased a 9,090-SF Dollar General Store at 12626 Lawson Road in west Little Rock for $1.1 million.

Seller: Lanspring Ltd. of Venice, California, led by Steven Springer.

♦ Riverside Properties LLC, led by Lisenne Rockefeller, sold a 4.5-acre parcel at the northwest corner of David O. Dodd Road and Lawson Cut-off.

Buyer: Winrock Farms Inc., also led by Lisenne Rockefeller.

The transaction between the related entities was valued at $1.2 million.

♦ ARKLF Ltd., led by Gregory Rose and Sean McGeehan, acquired a 22.9-acre residential spread and 2,584-SF house in west Pulaski County from the namesake revocable trust of James and Amanda Moore for $1.1 million.